Hedge Fund - Fairholme (Fairx)

Bruce Berkowitz Bio, Returns, Net Worth

Bruce Berkowitz launched Fairholme in 1999. It earned him the title of “Stock Manager of the Decade” from Morningstar and is now a $19 Billion mutual fund. Berkowitz’s Fairholme Fund managed to return 1.02% per month since September 2000. This compounds to an average annual return of 12.9% for the past 10 years. In 2010, Fairholme Fund returned 25.5%, beating the SPY by more than 10 percentage points. In fact, Berkowitz managed to beat the market every year except in 2003.

As three new filings with the Securities and Exchange Commission showed, Hovde Capital, Fairholme Capital Management, and Park Capital have recently disclosed their latest moves involving some stakes...... (read more)

Bruce Berkowitz's Fairholme Capital Management has inched up its position in Sears Canada Inc. (NASDAQ:SRSC), as a new filing with the Securities and Exchange Commission showed. Fairholme disclosed ownership...... (read more)

Bruce Berkowitz’s Fairholme (Fairx) disclosed today a decrease in its exposure to Sears Holdings Corp (NASDAQ:SHLD). Over the past couple of days, Fairholme sold 26,400 for an average price of $26.19...... (read more)

Bruce Berkowitz, the manager of Fairholme fund, is a notorious mutual fund manager with around $19 billion in Assets Under Management. While the fund's around 80% of its $9.9 billion equity portfolio...... (read more)

Fairholme (Fairx), led by Bruce Berkowitz, has disclosed in a new filing with the U.S. Securities and Exchange Commission that its affiliate St. Joe Company is in talks with Sears Holdings Corp (NASDAQ...... (read more)

With four years remaining, Warren Buffett has a commanding lead in a decade-long bet that put a low-fee stock index fund up against a portfolio of high-priced hedge funds. Buffett put his money behind...... (read more)

Hedge fund billionaire Steven Cohen caught a break Monday as a federal judge tossed out the most serious accusation in a $10 million lawsuit brought by his ex-wife. The rest of her claims will move...... (read more)

Once per quarter hedge funds disclose their long stock positions in major U.S. publicly traded companies. Historically, the most popular small-cap stocks among hedge funds have outperformed the market...... (read more)

Bruce Berkowitz's Fairholme Capital Management disclosed, in a newly amended filing with the SEC, that it has slightly reduced its exposure at The St. Joe Company (NYSE:JOE). Fairholme now owns 25,010...... (read more)

On Wednesday, with its shares trading just below their highest levels in two years, Sothebys (NYSE:BID)’s announced it is reviewing its capital allocation and financial position to determine the best...... (read more)